daExp: Expenditure Data for a Hausman Test in AIDS Model

In erer: Empirical Research in Economics with R

Expenditure Data for a Hausman Test in AIDS Model

Description

This data set contains seven monthly times series for expenditure from 2001 to 2008.

pinc	Billions of dollars, personal income
dpi	Billions of dollars, disposable personal income
pce	Billions of dollars, personal consumption expenditures
dg	Billions of dollars, Personal consumption expenditures for durable goods
rdpi	Billions of dollars, real disposable personal income
rpce	Billions of dollars, real personal consumption expenditures
rdg	Billions of dollars, real personal consumption expenditures for durable goods

Usage

data(daExp)

Format

Monthly time series from Janurary 2001 to December 2008 with 96 observations for each of the seven variables.

Details

This is the data set for conducting a Hausman test in a static AIDS model, as detailed in Wan et al. (2010). The test focuses on whether the expenditure variable in a AIDS model is exogenous or not. Each of the seven expenditure data can be used as an instrumental variable in an auxiliary regression.

Source

Federal Reserve Bank of St. Louis. Economic Data - Fred. Internet site: http://stlouisfed.org (Accessed February 25, 2010).

References

Wan, Y., C. Sun, and D.L. Grebner. 2010. Analysis of import demand for wooden beds in the United States. Journal of Agricultural and Applied Economics 42(4):643-658.

Examples

data(daExp)
class(daExp); dim(daExp); colnames(daExp)
daExp

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